Morton Grove Multifamily Property Acquired by Echo Real Estate Capital – Growing Illinois Real Estate Portfolio

Echo Real Estate Capital, Inc., a Chicago-based firm, has acquired a single-tenant medical office building located at 6131 W. Dempster St. in Morton Grove, IL for an undisclosed sum. The 7,550-square-foot property is leased to Advocate Health Care and houses primary care physicians and one cardiologist that have operated there for more than 20 years. Strategically situated 3.5 miles east of Advocate’s Lutheran General Hospital – a 645-bed nonprofit teaching hospital – the acquisition marks Echo Real Estate Capital’s commitment to investing in deals with a strong historic tenancy that can generate attractive returns even during uncertain times according to Oliver Plotkin, principal of Echo Real Estate Capital. With capital partners committed to helping them grow despite current debt and equity market challenges, this acquisition further demonstrates their dedication to providing investors with reliable investment opportunities.